The United Automobile Workers (UAW) and General Motors (GM) have recently reached a tentative agreement for a new contract for their workers. The UAW GM 2019 contract negotiations have been closely watched by the industry and the public, as they represent the largest labor contract talks in the US this year.
The new contract, if ratified, will cover approximately 49,000 workers across 55 GM facilities in the US. The UAW and GM have both described the deal as a “mutually beneficial agreement” that addresses the needs of both parties.
One of the key provisions of the contract is an increase in wages for workers. The agreement includes a 3% wage increase in the first and third years of the contract and a 4% lump-sum payment in the second year. Additionally, the agreement includes a $11,000 signing bonus for workers, which is an increase from the $8,000 bonus offered in the previous contract.
The contract also includes improved benefits for workers, including a better healthcare plan and increased job security. The healthcare plan will extend coverage to workers’ spouses and dependents, and will include a reduction in prescription drug costs. The new contract also includes a path for temporary workers to become permanent employees, which has been a point of contention in previous negotiations.
The UAW GM 2019 contract negotiations were not without their challenges, as the parties had to navigate issues related to changes in the industry, such as the rise of electric and autonomous vehicles. However, both parties have expressed satisfaction with the new contract, and the UAW has recommended that its members vote in favor of the agreement.
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